Sprott Inc. (T:SII)
Business Focus: Investment Management & Fund Operators (NEC)
| Sector: Financials | Industry: Investment Management & Fund Operators |
| Company Contact | |
| Address: | Royal Bank Plaza South Tower, 200 Bay Street, Suite 2600 TORONTO ON M5J 2J1 |
| Tel: | 1-416-9434394 |
| Website: | https://sprott.com |
| IR: | See website |
| Key People | ||
| Whitney W. George President, Chief Executive Officer, Director | Kevin Lloyd Hibbert Senior Managing Partner, Chief Financial Officer, Co-Head of the Enterprise Shared Services Group | Arthur Einav Senior Managing Partner, General Counsel, Corporate Secretary, Co-Head of the Enterprise Shared Services Group |
| Greg Caione Senior Managing Partner | John A. Ciampaglia Senior Managing Partner, Chief Executive Officer of Sprott Asset Management | Edward C. Coyne Senior Managing Partner | Peter F. Grosskopf Senior Managing Partner, Chief Executive Officer of Sprott Capital Partners and Advisor to Private Strategies |
| Business Overview |
| Sprott Inc. is a Canada-based company, which is engaged in precious metal and energy transition investments. The Company's investment strategies include exchange-listed products, managed equities and private strategies. The Company operates through four segments: Exchange listed products, Managed equities, Private strategies and Corporate. Exchange listed products segment provides management services to the Company's closed-end physical trusts and exchange traded funds (ETFs). Managed equities segment provides management services for the Company's alternative investment strategies managed in-house and on a sub-advisory basis. Private strategies segment provides lending and streaming activities through limited partnership vehicles. Corporate segment provides capital, balance sheet management and enterprise shared services to the Company's subsidiaries. Its subsidiaries include Sprott Asset Management LP, Sprott U.S. Holdings Inc., Sprott Resource Lending Corp. and others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Sprott Inc revenues increased 16% to $169M. Net income increased from $17.6M to $41.8M. Revenues reflect Exchange listed products segment increase of 34% to $103.3M, Private strategies segment increase of 66% to $28.2M, Canada segment increase of 19% to $154.9M. Net income benefited from Compensation decrease of 4% to $74.2M (expense), Trailer. |
| Employees: | 129 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,409M as of Dec 31, 2023 |
| Annual revenue (TTM): | $231.53M as of Dec 31, 2023 |
| EBITDA (TTM): | $87.91M as of Dec 31, 2023 |
| Net annual income (TTM): | $57.26M as of Dec 31, 2023 |
| Free cash flow (TTM): | $3.40M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1.85M as of Dec 31, 2023 |
| Shares outstanding: | 25,863,041 as of Feb 19, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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